Capital Group CEO’s Business Success

Timothy Armour who is the chairman of Capital Group has succeeded in business through his do-not-settle-for-average spirit. He has been able to raise Capital Group to become a home of American Funds.

As a globally recognized fund manager, Timothy Armour is proud that his company owns shares in Netflix. He emphasizes that investors need to be prudent when looking for managers in order to identify active managers who can grow their companies and thereby earn their keep. He gives a scenario of a person who, in the early 2000s had a crucial investment choice to make.

Excellent Choice

In July 2015, Timothy Armour was named as the Chairman of Capital Group. This was as a result of leadership succession plans, which were formalized after the former chairperson Jim Rothenberg passed on. Timothy Armour brought into the company 32 years of profound experience and has been instrumental in making the company grow. Janet Young, CFA has termed the chairmanship of Timothy Armour as a good choice. This is because he is able to consider how the economy will change in the future and thus lays down strategies on how to prepare for the changes. His long-range requirements of employees have also seen him being labeled as a good choice.

Capital Group in 2015 also made another perfect choice after partnering with Seoul-based Samsung Asset Management Company. The partnership is aimed at developing the right investment strategies and retirement solutions and asset allocation. It is also a way through, which Samsung will activate equity investment. Tim who is the chairman of Capital Group has labeled the partnership as a success. This is because according to him, it will provide reliable insurance, retirement solutions and savings to different Korean investors.

Perspective on Market Selloff

The selloff will correct the current market value according to Timothy Armour. He says that investor should thus focus on investing in reliable companies. He also said the selloff will be turbulent due to the transformation to a consumer-led economy in China.

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